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A 证书担保贷款 is a type of 个人贷款 issued by a credit union. It is backed by money the borrower deposits into a savings account or dedicated share certificate.
These funds are inaccessible while the loan is active, although small amounts may be released as the loan is paid back. Some credit unions will issue loans equal to or up to 150% of the total deposited amount, whereas others may only issue loans equal to a certain percentage of the total funds deposited.
Like a traditional savings account, the deposited cash collects interest while in the secured account, offsetting any interest charged on the loan. Because it’s similar to a 个人贷款, a 证书担保贷款 can help borrowers improve their credit scores and pay for medical emergencies, 计划假期, 债务合并, 婚礼, 和更多的.
Technically a form of credit, 个人贷款 are often issued by credit unions at lower interest rates than credit cards, making 证书担保贷款s ideal for anyone who needs some quick cash.
在你得到 个人贷款, figure out how much money you need. Remember that 个人贷款 must be paid back. Many financial institutions also add loan origination fees to the 个人贷款, which will be deducted from the loan.
申请 证书担保贷款, approach a financial lender like Texas Tech Credit Union. This lender will have you complete an application. 一旦获得批准, you will receive a certificate of deposit (CD) to be held by the lender until the loan is paid in full. Make sure you provide the following information during the application process:
If more than one person is listed on the CD you want to pledge, their name must also appear on the loan or they will need to sign a form that permits you to secure the account.
信用合作社 like Texas Tech Credit Union offer 证书担保贷款s with lower interest rates than most traditional banks. Make sure to compare all available interest rates 以及还款计划s. Once you have chosen your lender, review your certificate secured 个人贷款’s interest rate, 条款, 以及还款计划. You will receive the funds after you have agreed to the 条款.
Did you know: The average US consumer holds up to 5315美元的信用卡债务? 债务合并 is a great reason to get a 证书担保贷款 because it can reduce debt from multiple credit cards. Consolidating debt from multiple sources into a single payment each month can help individuals pay it down faster.
Incidents such as medical emergencies, car accidents, illnesses, or funerals can add up. 在美国，a 去急诊室看看 售价约2200美元. And, on average, funerals cost 最高8,000元. A 证书担保贷款 can alleviate the financial burden of these costs.
Additional expenses may include receiving necessary dental work or surgery, travel needed for medical procedures, 服务的动物, 心理健康治疗, 和更多的.
A 证书担保贷款 can pay for a honeymoon, wedding, or expensive trip. Although a 证书担保贷款 may not be the best way to finance a fun getaway, it is generally acceptable if you have a well-defined plan to pay it back.
The typical cost of a moving company in the US can range from 从800美元到近6000美元. Short-distance moves can cost up to $3,000, even if you are relocating to a different home in your current city. A 证书担保贷款 may be the best option.
In addition to the moving process, 证书担保贷款s can fund new furniture or necessities for a house or apartment. This is especially useful if you’re relocating without first obtaining a job or a steady source of income.
A 证书担保贷款 is an ideal way to pay for medical emergencies, 移动的成本, 家庭度假, 和更多的. 今天就开始吧! 点击这里 to learn more about 证书担保贷款s at Texas Tech Credit Union.
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